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thenews
Added topic The Week Ahead: Buffett, Bullishness and a Little Bernanke
What better way to celebrate TGIF than to have Wall Street cap the week by hitting fresh new highs? Forget "sell in May," at least for now; the S&P 500 on Friday soared past 1,600 for the first time ever and the Dow touched 15,000 in early trade
thenews
Added topic ROSENBERG: The Fed Is Trying Like Crazy, But Nothing It's Doing Can Save The Economy
David Rosenberg, the veteran Wall Street economist and and bearish strategist at Gluskin Sheff, gave an intense presentation on Friday at John Mauldin's Strategic Investment Conference. Titled "Bernanke: The Wizard Of Potemkin," this presentation
thenews
Added topic Coeure: ECB Ready To Cut Rates Further If EMU Economy Weakens
The ECB is ready to lower its interest rates further if the Eurozone economy continues to weaken, Executive Board member Benoit Coeure said Saturday. "We can always cut more; we were clear on this matter," Coeure said in a radio interview, offering
thenews
Added topic Markets Are Going Nowhere As The Week Starts Very Quietly
The week begins and what's happening is... not much. After big gains on Friday, thanks to the US Non-Farm Payrolls report, things are considerably quieter. US futures are flat, as are European markets across the board. Things were a bit more lively
thenews
Added topic Euro rises to two-month high versus weak dollar
The euro rose to a two-month high against a broadly weaker dollar on Wednesday as expectations the U.S. Federal Reserve will stick to its aggressive stimulus programme continued to hurt the U.S. currency. The euro was up 0.3 percent at $1.3213, its
thenews
Added topic Private sector adds 119,000 jobs in April: ADP
Private employers added 119,000 jobs in April, well below economists' expectations in the latest piece of data to suggest the economy is encountering a soft patch, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters
thenews
Added topic Construction spending rate hits seven-month low
Construction spending dropped to a seven-month low in March as public outlays recorded their largest drop since 2006, which could cause the first-quarter economic growth estimate to be trimmed. Construction spending fell 1.7 percent to an annual rate
thenews
Added topic No change from the fed — acknowledges inflation slowdown, may increase or reduce qe
The Federal Reserve has just released its latest FOMC statement on monetary policy. Some highlights: the FOMC acknowledges the recent slowdown in inflation, but says that longer-term inflation expectations have remained stable. However, the FOMC also
thenews
Added topic Fed holds steady on stimulus, worried by fiscal drag
The U.S. Federal Reserve said on Wednesday it will continue buying $85 billion in bonds each month to keep interest rates low and spur growth, and added it would step up purchases if needed to protect the economy. Expressing concern about a drag from
thenews
Added topic How Many HFT Firms Actually Use Twitter to Trade?
Tuesday’s fake tweet from the Associated Press’s hacked Twitter account, reporting explosions at the White House that injured President Obama, has sparked renewed criticism of high frequency trading, specifically how some computer traders use social
thenews
Added topic Wall Street Week Ahead: Central banks, data to steer investors
With signs of a slower economy mounting, the near-term outlook for U.S. stocks isn't rosy, but investors may find comfort next week from the world's major central banks. The Federal Reserve will meet on Tuesday and Wednesday, with the report of
thenews
Added topic Wealthiest Americans Are Recovery's Only Winners, Pew Study Finds
The U.S. economy has recovered for households with net worth of $500,000 or more, a new study shows. The recession continues for almost everyone else. Wealthy households boosted their net worth by 21.2 percent in the aftermath of the recession
thenews
Added topic The Poverty Lie: How Europe's Crisis Countries Hide their Wealth
How fair is the effort to save the euro if the people living in the countries that receive aid are wealthier than the citizens of donor countries like Germany? A debate over a redistribution of the burdens is long overdue. The images we see from the
thenews
Added topic Bank of England's McCafferty says is "cautiously optimistic"
Bank of England policymaker Ian McCafferty said that he was "cautiously optimistic" about Britain's economy, though recovery would continue to be difficult. "I see grounds for hope. Some of the forces that have held back recovery are easing
thenews
Added topic Markets Are Rallying And Italy Is On A Tear
Two weeks ago, it felt as though a deflationary breeze was blowing and stocks and commodities got whacked. Last week markets regained their footing. In the early innings of this week, markets are looking strong. Asia was basically closed today. But
thenews
Added topic Shares rise, dollar falls on central bank expectations
World shares gained and the dollar fell on Monday as investors counted on easy money from the U.S. and euro zone central banks to offset the risk of further disappointing global economic data. However, the euro gained ground as some investors had
thenews
Added topic Wall Street Is A Rentier Rip-Off: Index Funds Beat 99.6% Of Managers Over Ten Years
The entire financial management industry is a profit-skimming rentier arrangement. It may seem uncharitable to note that only .4%--that's 4/10th of 1%--of mutual fund managers outperform a plain-vanilla S&P 500 index fund over 10 years, but that is
thenews
Added topic Euro rises after Italy ends political chaos; ECB ahead
The euro rose against the dollar and yen on Monday after Italy finally formed a government, ending two months of political uncertainty, but further gains may be limited given expectations the European Central Bank will cut interest rates this week
thenews
Added topic Iceland Just Says "Nei" To Pro-European Party
During the crisis Iceland was held up as one of the best examples of what was so wrong with the bubble that was created and sold to any and all. The party in power during this debacle was summarily dismissed by the people. However, a mere few years
thenews
Added topic Sharp euro zone inflation fall, joblessness point to ECB rate cut
Inflation in the euro zone has fallen to a three-year low and unemployment is at a new record, data showed on Tuesday, raising expectations of an interest rate cut by the European Central Bank to reignite the stagnant economy. Inflation dropped to a